2026 Regular Session
HB 5088
Relating to Natural Resource Police Officer Retirement
Law
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- Passed House of Delegates
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill modifies the West Virginia Natural Resources Police Officer Retirement System to change the accrued benefit for officers retiring after July 1, 2026. Specifically, it lowers the accrued benefit percentage from 2.75% to 2.375% of their final average salary multiplied by their years of service. The bill also mandates additional funding of $4,250,000 to the retirement system to cover these changes.
Key provisions
- Reduces the accrued benefit percentage for retirees after July 1, 2026, from 2.75% to 2.375%.
- Specifies the calculation of the accrued benefit based on final average salary and years of service.
- Requires an additional one-time payment of $4,250,000 to the retirement system.
- Modifies the definition of ‘active member’ to include specific employment types.
- Updates definitions related to ‘annual compensation’ and ‘credited service’.
- Establishes a requirement for employer contributions to the retirement fund.
Who is affected
- West Virginia Natural Resource Police Officers
- The West Virginia Division of Natural Resources
- The Consolidated Public Retirement Board
- Retirees of the Natural Resource Police Officer Retirement System
- State taxpayers (due to increased funding obligations)
Notable changes
- Lowered accrued benefit percentage for retirees after July 1, 2026, compared to previous calculations.
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